Schlagwort: crypto business

• Bittensor’s native token TAO has surged 18% to $490.
• The altcoin has outpaced other top gainers amid a broader market uptick in AI-related projects.
• Bulls have eyes on a breakout above $500.

Bittensor’s TAO token has experienced a sharp rise, climbing double digits to hover just shy of the $500 psychological barrier.

The TAO price had hit an intraday high of $490 at the time of writing.

The move has driven TAO to the top of daily gainers lists, surpassing even privacy-focused coins like Zcash, which had jumped 15% in 24 hours.

ETP hype and AI traction help Bittensor price

The latest catalyst for TAO’s ascent traces directly to institutional advancements.

In particular, as analysts continue to ponder whether the decentralized AI project has the potential to flourish into the Nvidia of crypto. More on this later.

More of the latest gains for TAO come after the October 29 announcement of the world’s first staked Bittensor Exchange Traded Product (ETP).

Deutsche Digital Assets and Safello launched the ETP, which went live as fresh digital asset investment product hype resurfaced.

Bittensor’s growing network and the ETP rollout seem to have come just at the right time for the project- hence TAO’s price gains.

Secured by BitGo Europe and domiciled in Liechtenstein, the product bridges traditional finance with decentralized AI, potentially unlocking billions in European institutional capital previously sidelined by regulatory hurdles.

What’s next for TAO price?

TAO’s price outlook is predominantly bullish. That’s despite it being tempered by inherent crypto volatility and macroeconomic headwinds in the short term.

A sustained close above $500 could catalyse a breakout to $700.

These are the highs seen in December 2024, and above that, bulls will be targeting a new all-time high.

In March 2024, bulls reached the all-time peak of $767.

Crypto analyst Dread Bongo shared this outlook about the token.

This top band on $TAO should act like a magnet here..

– Broken out of year long downtrend
– First ever #Bittensor Halving in 40 days
– Subnet products going live
– Major ecosystem upgrades coming
– Alpha’s bottomed out
– Huge subnet partnerships and developments

People are now… pic.twitter.com/rH9hJwPGcY

— ＤＲＥＡＤ ＢＯＮＧＯ (@DreadBong0) October 31, 2025

Nvidia of crypto?

Data from CoinGecko shows that the artificial intelligence token category is marginally lower, with a 1.2% dip in total market capitalisation.

Top AI-linked cryptocurrencies such as NEAR Protocol, Internet Computer, Story, and Render have posted 24-hour gains of 2–4%.

Bittensor (TAO), however, has outperformed the group, surging 18% in the past day to maintain its position as the largest AI token by market cap at $4.69 billion.

The rally in Bittensor comes amid renewed investor enthusiasm for artificial intelligence, fueled by gains in AI-focused equities following recent developments from Nvidia and Microsoft.

Yet as investment in Bittensor funds further validates traction, whale accumulation and halving sentiment may be huge catalysts to watch.

The post Bittensor price pops 18% to lead top gainers: what next for TAO? appeared first on CoinJournal.

• Canary Capital has removed the “delaying amendment” in its XRP ETF filing, signalling a possible Nov. 13 launch.
• SEC and Nasdaq reviews could still affect the ETF’s final timeline.
• XRP-linked ETFs are already seeing strong inflows.

Canary Capital has amended its S-1 filing for a proposed spot Ripple (XRP) exchange-traded fund, removing a procedural clause that could clear the way for a November 13 launch.

The tweak is technical but meaningful: by eliminating the “delaying amendment,” the fund could become automatically effective under the 20-day statutory waiting period unless the SEC intervenes.

The update positions the XRP ETF to go live after 20 days

Canary’s latest submission to the Securities and Exchange Commission (SEC) removes language that usually allows the agency to control the effective date of a registration.

In practical terms, the fund is now positioned to become effective automatically after twenty days under Section 8(a) of the Securities Act of 1933 — a path several recent altcoin ETFs have followed.

Journalist Eleanor Terrett flagged the amendment in a social media post, noting that the change now sets up a possible November 13 launch.

🚨SCOOP: @CanaryFunds has filed an updated S-1 for its $XRP spot ETF, removing the “delaying amendment” that stops a registration from going auto-effective and gives the @SECGov control over timing.

This sets Canary’s $XRP ETF up for a launch date of November 13, assuming the… pic.twitter.com/MKvEN23t5P

— Eleanor Terrett (@EleanorTerrett) October 30, 2025

The fund, however, still needs Nasdaq to clear a Form 8-A listing.

If Nasdaq greenlights the 8-A and the SEC staff does not raise new comments, the statutory clock would make November 13 a realistic target.

SEC could still request more amendments

Despite the procedural move, the timeline is not guaranteed.

The SEC could still issue comments that require Canary to amend its filing again, which would push the effective date back.

The broader reopening of government operations adds a further variable: staff availability and review priorities could either accelerate or delay finalisation.

SEC Commissioner Paul S. Atkins recently expressed support for issuers using the auto-effective route during periods when agency operations slow.

He praised the legal mechanism behind the 20-day waiting period, noting it as a long-standing option for issuers.

While Atkins did not comment directly on Canary’s filing, his remarks suggest a regulatory environment that — at least in principle — can accommodate automatic effectiveness when filings are in order.

XRP ETF market is already active

Even before this XRP ETF wins full approval, the market for XRP-linked ETF products has been busy.

Several funds already trade, including leveraged and volatility products from providers such as Teucrium, Volatility Shares, Rex-Osprey, ProShares, and Purpose.

These offerings have drawn meaningful inflows, highlighting investor appetite for XRP exposure through ETF wrappers.

Teucrium’s leveraged XRP product in particular has accumulated substantial assets, while Rex-Osprey’s recently launched fund crossed the low hundreds of millions in assets under management.

A wider slate of issuers, including some of the industry’s larger names, has pending applications, suggesting further competition if Canary’s product does reach market first.

The post Canary Capital updates its XRP ETF application, eyeing November 13 launch appeared first on CoinJournal.

• Revolut users can now swap USD for USDT or USDC with zero fees.
• The service supports six major blockchains, including Ethereum and Solana.
• Revolut’s crypto unit drove a 298% revenue surge in 2024.

Revolut has introduced fee-free, 1:1 USD-to-stablecoin conversions, eliminating traditional costs and spreads and allowing the company’s 65 million users to exchange US dollars for USDT or USDC across multiple blockchains at no extra cost.

Revolut removes friction between fiat and crypto

The new feature enables Revolut users to convert USD directly into Tether (USDT) or USD Coin (USDC) on a true one-to-one basis.

Customers can swap up to $578,000, or roughly €500,000, over a 30-day rolling period without paying any fees or spreads.

For every dollar deposited, users receive a matching stablecoin amount, effectively removing the pricing anxiety and conversion friction that typically come with moving between fiat and crypto.

The service supports transactions across six major blockchain networks, including Ethereum, Solana, and Tron, giving users flexible routing options.

The app automatically handles the technical steps, letting customers pick their destination chain without dealing with complex bridging or on-chain settlements.

Revolut’s Head of Product for Crypto, Leonid Bashlykov, described the rollout as a major leap toward making crypto access seamless.

Bashlykov said the company is covering the spread internally to guarantee exact 1:1 conversions, provided the stablecoins maintain their dollar peg.

A model built on simplicity and trust

Revolut’s in-app swap feature mirrors the company’s earlier approach to foreign exchange, which set a new standard for transparent, real-time conversions in digital banking.

Just as Revolut made zero-commission FX trading mainstream a decade ago, it now aims to make stablecoin swaps just as simple and accessible.

The fintech clarified that while the in-app conversion is completely free, standard network gas fees or withdrawal costs may still apply when tokens move off-platform.

Even so, the elimination of spreads and conversion fees marks a rare example of a financial institution fully absorbing costs to simplify crypto adoption.

For small and medium-sized businesses, particularly in regions facing currency instability, the implications are significant.

Venture capitalist Elbruz Yılmaz noted that Revolut’s clean one-to-one ramp “turns stablecoins from a speculative asset into working capital infrastructure,” helping businesses reduce foreign exchange losses and speed up payment cycles.

Revolut building on the strong performance of its crypto unit

The rollout builds on a strong year for Revolut’s wealth division, which includes crypto trading, commodities, and savings.

The segment posted a 298% jump in revenue in 2024, reaching £506 million, driven largely by growing demand for digital asset products.

The company’s full-year results showed a record £1.1 billion in profit and total revenue of £3.1 billion, underscoring its evolution from a digital bank into a global financial powerhouse.

Much of that momentum stems from Revolut X, the firm’s professional trading platform launched in 2024.

Offering over 100 tokens with zero maker fees and minimal taker fees, Revolut X positioned the fintech as a direct competitor to established crypto exchanges.

Its expansion to 30 European countries later that year strengthened the company’s foothold in the region.

With its new 1:1 stablecoin conversion, Revolut has not only removed a major barrier to digital asset adoption but has also redefined what a modern neobank can offer.

In doing so, it positions itself at the intersection of traditional banking and the decentralized financial future that is rapidly taking shape.

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